Fannie Mae (FNMA)

[MannSinger]

BRK is hiding 1.2B investment in bank/finance/insurer-GSE?


For a second straight quarter, Berkshire obtained permission from the U.S. Securities and Exchange Commission to temporarily keep one or more of its holdings confidential.

It occasionally requests such treatment when it is making big investments, including multibillion-dollar stakes in Chevron, Exxon Mobil, IBM and Verizon Communications.

This is because investors often try to piggyback on what Berkshire does, reflecting Buffett's reputation as one of the world's greatest investors. Berkshire prefers not to have investors pile into its stocks before it's done buying.

In its third-quarter report in November, Berkshire hinted that its confidential investment may involve a bank, finance company or insurer because it had recently spent $1.2 billion on stock in that sector. It has yet to reveal where the money went.

https://finance.yahoo.com/news/berkshire-sheds-holdings-mum-investment-213748123.html

Be careful, KT is working for BRK.